Pertinent facts from today announcement are as follows .
1 Net revenue for April is $2.42 million US which is $3.2 million Aussie .
2.F1 and F2 only produced for 23 days in April
3 .F3 only produced for 20 days in April.
4.Here was a 4 day pipeline shutdown in April.
5.Oil prices have continued to climb in May.
6.Aussie dollar has fallen against the US dollar and it looks likely to head lower in the next couple of months.
7.From the CEO .Coupled with consistent production and strong oil prices the F1 and F3 wells are providing strong cash flow for our company and will be managed properly to ensure steady income to fund our program of growth in the Gulf of Mexico across our other leases .
8.Based on the above and taking production this month in account .I estimate net revenue for May should be $4 mill plus Aussie .
BYE Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
